document.write( "Question 179529: Walt made an extra $12,000 last year from a part time job. He invested part of the money at 7% and the rest at 9%. He made a total of $970 in interest. How much was invested at 7%? \n" ); document.write( "
Algebra.Com's Answer #134476 by MissionPossible(18)![]() ![]() ![]() You can put this solution on YOUR website! He invested part of the money at 7% and the rest at 9%. \n" ); document.write( "How much was invested at 7%? -----> X \n" ); document.write( "invested part of the money at 7% would made X*0.07 \n" ); document.write( "invested part of the money at 9% would made (12,000 - X)*0.09 \n" ); document.write( "He made a total of $970 ---> 970 = X*0.07 + (12,000 - X)*0.07\r \n" ); document.write( "\n" ); document.write( " 970 = X*0.07 + (12,000 - X)*0.09 \n" ); document.write( " 970 = X*0.07 + 1080 - 0.09X \n" ); document.write( " 0.09X-0.07X = 1080 - 970 \n" ); document.write( " 0.02X = 110 \n" ); document.write( " X = 110/0.02 \n" ); document.write( " = 5500\r \n" ); document.write( "\n" ); document.write( "How much was invested at 7%? $5,500 Ans.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |